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Debate 9/26/16 - Trump vs Clinton
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Quote:I get that he wants to spend more on infrastructure, and I am good with that. What I don't get is that he then went on to complain in the debate that we are a debtor nation. From what I understand he wants to finance the infrastructure through bond issuance, and wants to cut taxes greatly, both on corporations and individuals. How does this get us away from being a debtor nation? I know you said earlier that you thought his responses on jobs, taxes, and the economy were his strongest, but I am perplexed as to how any of his policies add up economically. I also was underwhelmed by Clinton's laundry list of industries without any explanation of how we get there. I presume she was talking something like targeted tax incentives or something, but she didn't get any deeper into it that I saw. Still, I do remember her call-out about the expert review of their plans and how his would add huge debt while hers would create jobs. I certainly don't buy it just because she said it, but I don't get the lower taxes and more debt equals fiscal security, either. While I hate the cheesy phrase Trumped-up trickle down, it does sound like the old supply-side economics. Trump's plan hinges on economic growth. If we can reach 3.5-4% GDP growth, there will be an influx of new tax revenue. If you factor out economic growth, of course Trump's plan will increase the debt. You have to factor in: 1. Trade re-balancing 2. Economic growth 3. Handling corporate inversion 4. Ending corporate loopholes 5. Reinvigorating energy production through all sectors And a bunch of other stuff I am too tired to look up. Read this, policy docs are always better than 30 second - 2 minute soundbites: https://www.donaldjtrump.com/positions/economic-vision https://www.donaldjtrump.com/positions/u...ade-reform https://www.donaldjtrump.com/positions/tax-reform |
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